BlackletterCalifornia law

Revenue and Taxation Code § 23706

ARTICLE 1. Exemptions From This Part

Current as of September 28, 2026Rev. & Tax. Code, § 23706Official source ↗

Added by Stats. 1985, Ch. 1461, Sec. 87. Effective October 1, 1985.

Any exemption from the bank and corporation franchise tax under Chapter 2 (commencing with Section 23101) or the corporation income tax under Chapter 3 (commencing with Section 23501), granted by any California statute on or after January 1, 1985, for an organization which is an instrumentality of this state, shall be provided for in this part of the code.